Resource Partner Event
Nov 30

Prepare Your Business For Lender Scrutiny: (New Brunswick)

Lender Financing/Financing a Business

Date:
November 30, 2017 | 6:00 pm EST - 8:00 pm EST

Location Name:
Middlesex Co. NJSBDC, Rutgers - Livingston campus, Rutgers Business School (North Tower)

Address:
100 Rockafeller Rd Road, Room 3095 (3rd Fl.), (please note: all registrants will be notified by email if building/room # change), Piscataway, NJ,08854

NJ SBDC at Rutgers-New Brunswick

Organization:
SBDC

Fee:
$10.00

This seminar will disclose the ins and outs of the lender approval process. Lenders use the 5-C Criteria for review each loan package: Capital, Character, Collateral, Capacity (Cash Flow), and Conditions. Their decision will be based on the level of risk involved in each transaction. The documents that include a healthy picture of the current financial health of your business as well as a business plan predicting the future will be essential. Traditional lenders as well as SBA-guaranteed programs will be discussed in detail. All businesses need to know in advance what it takes to qualify for the various types of loans available.